Legg Mason (Ireland) Probability of Target Price Finishing Over Current Price

    IE00B23Z9C05 -- Ireland Fund  

    USD 122.56  0.36  0.29%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason BW Glb Fxd Inc LM Acc performance during a given time horizon utilizing its historical volatility. Please specify Legg Mason time horizon, a valid symbol (red box) and a target price (blue box) you would like Legg Mason odds to be computed. Please also check Risk vs Return Analysis.
    Horizon     30 Days    Login   to change
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    Legg Mason Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     122.56 30 days 122.56  ABOUT 17.91%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 17.91% (This Legg Mason BW Glb Fxd Inc LM Acc probability density function shows the probability of Legg Mason Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Legg Mason BW Glb Fxd Inc LM Acc has beta of -0.024 . This indicates as returns on benchmark increase, returns on holding Legg Mason are expected to decrease at a much smaller rate. During bear market, however, Legg Mason BW Glb Fxd Inc LM Acc is likely to outperform the market. Additionally Legg Mason BW Glb Fxd Inc LM Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Legg Mason Price Density 
          Price 
    α
    Alpha over DOW
    =0.17
    β
    Beta against DOW=0.02
    σ
    Overall volatility
    =65.80
    Ir
    Information ratio =0.0022

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions

    Legg Mason BW is not yet fully synchronised with the market data
    Legg Mason BW generates negative expected return over the last 30 days
    The fund retains about 53.73% of its assets under management (AUM) in cash

    Price Density Drivers

    Legg Mason Health Indicators

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